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Bitcoin Scalping Strategy with Multiple Profit Targets and Hedge

My trading strategy involves scalping in Bitcoin (BTC) with a long position, primarily as a hedge. I plan to enter the market within the price range of 114,400 to 113,800, aiming to capitalize on short-term upward movements. The target profit levels are set at the first take profit (TP1) at 115,900, the second at 116,900, and the third at 117,900. If the market moves against my position, I will exit to minimize losses at a stop loss (SL) point at 112,880.

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AI Analysis

This Bitcoin scalping approach signifies a short-term trading strategy where I expect the price to rise within a specific range. Setting entry points between 114,400 and 113,800 allows me to enter the...

AI Recommendation

Given this strategy, it is crucial to closely monitor Bitcoin's price action near the entry zone of 113,800 to 114,400. Ensuring tight adherence to stop-loss levels will help prevent significant losse...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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